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the economy went down to defeat in the house of representatives. >> the legislation has failed -- >> i'm very disappointed in today's vote. >> to the democrats and republicans who oppose this plan yesterday, i say, step up to the plate. >> investors panicked, the dow dropped 777 points. the biggest single day point loss to date. >> this is what brought us to the brink of collapse. >> wow. all because annie went and got a house that he could not afford? >> $1.2 trillion in market value wiped out in one day. it's really psychological at this point. >> congress quickly reconvened and four days later on october 3rd, it passed the $700 billion troubled asset relief program. >> congress has agreed to a broad deal that authorizes the treasury secretary to start releasing money to free up the credit systems. that may have been the last time persons witnessed bipartisan compromise on something that really mattered in washington. four years later and on the eve of another election, voters are being asked, are you better off than you were then? the answer is yes because it was that bad. but how much bet
president obama. but mitt isn't having it, trying to get ohio voters to the right by focusing on the economy. >> with incomes going down, every year, every year going down, down, down. prices of electricity up and health insurance up and the cost of gasoline, having doubled, these are tough times. even for families with jobs. i know what it takes to get this economy going again. cheryl: so what would a tax plan under a romney/ryan administration look like? rich edson breaks it down for us. rich? >> reporter: well, cheryl, democrats call it a giveaway to the rich at the expense of the middle class. republicans say they're wrong, and this morning governor romney defended his tax plan. >> by the way, don't be expecting a huge cut in taxes because i'm also going to lower deductions and exemptions. by bringing rates down, we'll be able to let small businesses keep more of their money to hire more people. >> in the end the details are really up to congress. romney's proposed cutting every tax rate by 20%. to insure the treasury department takes in about the same amount of money under a new system,
to do something like this? >> i think it would be a reference back. because the economy takes all the oxygen out of the election with a little bit of foreign affairs, the supreme court does not play against undecided voters. it is a motivator to get out and get to the polls. you want this person to replace justice ginsberg when she retires for example. you want to know if there's any practical experience, and the obama at the lustration has declined to defend the defense of marriage act. present romney might decide he would defend the constitutionality of that statute. it does seem like that has a lot of salience and presidential debates. i.t. think it will not happen. here is why. no major national political figure has attacked as publicly since 1996 or before. it is remarkable. the republicans were seeing some political profit in attacking affirmative action given the polls. they do not do it anymore. john kerry said maybe it is time to stop these racial preferences. the democratic leadership council was inching down that road. that is all gone. this is why we get so demonized i
such difficulty, you know, in the economy because of federal reserve policy. likelihood of hearing this, very very slim. and maybe seeing how would you balance a budget? in our campaign we had a precise plan of cutting a trillion dollars and balancing the budget in three years. you know, we're in this horrendous crisis and neither one of them are going to say anything, oh, maybe we ought to cut something. there's no proposal to cut anything. it's also tinkering around with massive automatic increases and the american people are starting to wake up and realize it is all fiction and they are not serious. connell: congressman paul, thanks as always. >> thanks. connell: fox business network, beginning at 8:00 p.m. eastern live from denver, neil cavuto will be on the next hour to talk about the debate. neil cavuto. dagen: the economy will be a big focus of tonight's debate. adp the payroll processing firm came out earlier this morning and reported that 162,000 private sector jobs were added last month. more than expected. to weigh in on that, and the debate, the head of u.s. interest rate strategy at u
output at a plant as the economy slows and demand weakens. meantime 40% of china's iron ore mines are standing idle as steel prices have crumbled. and loans to firms and households fell more than expected. ecb staying loans to the private sector fell 0.6% from the same month a year ago. italy's borrowing costs falling at a bond auction today. analysts say the auction shows nand for italian government paper remains healthy. and eu regulators are prepare to go charge microsoft for failing to comply with a 2009 ruling. that ruling had on ordered the company to offer user as choice of web browsers. apparently they may not have done that. if guilty, microsoft could face fines of up to 10% of its global revenues. and that would be a lot of money. >> iran still, we're this close to nuclear -- think our unfunded labels are like 60 trillion or something. europe back in the crapper, but the refs. huh? >> i told you, i don't always like unions. i'm actually happy that the refs union won. >> it does provide a release from some of the travails and the worries of every day life. spoorts is spor
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
the economy likely added 155,000 private payroll jobs this month. we'll bring you the number and get you instant reaction from joel prakken. in corporate news, richard schultz is pressing forward with a possible $11 billion buyout of the retailer. schultz and at least four private equity firms have reportedly started examining the books of the economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the decision of the oracle board of directors. i believe we'll gradually increase the dividend as opposed to dublg it or tripling it all at once. nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all righ
beyond the numbers and find out if the u.s. economy is already in recession. we'll tell you what some economists are saying. if you think the situation was close. obamacare may be making its way back to the supreme court. welcome to "the willis report." gerri: hello, everybody i'm gerri willis. high-stakes of the first debate has candidates leaving. nothing to chance. president obama and governor romney racing to get in last minute prep before going face-to-face first debate next wednesday in denver that is. what should we expect? let's ask bill kristol, editor of "the weekly standard" and byron york, chief political correspondent for the "washington examiner". welcome to you both. byron, i'll start with you. what does romney have to do to show up roads in here. even voters say they don't expect him to win? >> well the thing, he has to do the same thing he had to do all along which present himself as a good alternative to the president who will take the country in a different direction than the president and can point out the numerous flaws in the president's record. i mean, i wonder
economy through the gulf. melissa: what do you think is the appropriate response? because we were talking on the show yesterday about how sanctions it seems like are not necessarily working because we highlight ad company that is going ahead and buying iranian oil and is reportedly then selling it to china? because seems like the sanctions are not necessarily that effective. >> for a simple reason, melissa that not all of those who should be putting sanctions are putting sanctions. iran is trading with everybody else than the coalition that is putting sanctions. sanctions alone won't work. they are necessary but, the only thing we need to do. number two, you have the military capacity strike. that is only when we are sure that the iranians crossed that red line. third and most important i guess is work with the iranian opposition, with iranian students and women and minorities those who took to the streets in tehran remember in june 2009? they were very close shaking up the foundation for the regime. unfortunately washington did not seize the moment there. melissa: walid, thank you very m
obama will be there, too. remember, please the economy is at stall speed. unemployment 8%, and foreign policy in the middle east unravelling, little mention in the mainstream media. listen from the obama campaign team in advance of debate campaign spokeswoman, quote, what the american people are looking for is not just a professorial list of facts or accomplishments or even goals. obama has a tendency to give long substantive answers. simply, she is saying the president too smart for the average american. here is the washington examiner's reaction to that quote. worry about obama being too professor professorial to couch-sitting beer drinkers. the polls have him ahead and bill o'reilly is here to talk about the debate and how the media will spin it. all the names at the top of the hour. bill o'reilly. and talking to college student at university of michigan as part of the job creations solutions tour, and responded to the heckler. listen to this. >> this is the-- [crowd boos] . >> usa, usa. >> and that economy 25% of the world gdp. stuart: you want to hear more of his defense of americ
on domestic issues including the economy and jobs. the second debate on the campus of hofstra university. politico has this piece about jim leher. for the first time in the 2012 campaign, the president and mitt romney will face each other in what many consider the most important even between now and november 6. for the 12th time in the history of debates, jim leher has been asked to serve as moderator making him the most experienced a moderator and the modern history, he is uniquely suited according to his contemporary. at a time when the electorate is as divided as ever and wind -- media scrutiny is -- next is hayley. welcome to the program. caller: good morning. thank you for taking my call. i am one of the people who spend every summer for the last few summers going around the nation asking questions. my main question is, what do people think politically and what they are paying attention to. you say are a third party is relevant, yes, they are. they will never get any kind of support as long as the american people are more interested in things like "dancing with the stars." that is a
trying to explain why he is pumping even more money into the economy. connell: the supreme court back to work today. whether your cell phone data is protected under the fourth amendment. judge andrew napolitano coming up. dagen: costing apple billionths. connell: let's start with nicole petallides. nicole: looking pretty good here today. we see the dow is up more than 1%. the s&p up nearly 1%. the text -- tech heavy nasdaq up. this was after three months of contraction. that was some good news there. another thing helping things along -- the dollar is lower, the euro is higher. you are seeing just about every name in the dow with an up arrow. i want you to take a book here at macy's. they will higher 80,000 for the seasonal. kohls, amazon, toys "r" us, just to name a few. dagen: host chris wallace had a little trouble getting information from vice presidential candidate paul ryan on his tax plan. >> it is lower by 2013. >> how much does it cost? >> it is revenue neutral. [ talking over each other ] >> we will get to that. >> let me just tell you. it would take me too long to go throug
and for himself. that includes foreign policy. begin talk to the campaign. we have to focus on the economy. it is the number one topic, but voters care about a lot of things. i wish he would make the broader case for romney foreign-policy and the broader chrism tough criticism of an obama foreign-policy. >> i think what you have seen is he tends to speak, especially about foreign policy, and really be vague sending generalities. we have some very specific things happening in libya. u.s. ambassador and three other americans were murdered. the investigation that the obama administration is placing some much importance on has not really started. there are a lot of specific things that run the kentuck about three failures on the part of the administration. so far he simply has not done. >> never too late to talk with the economy and what's going on. consumer confidence continues to plummet. can you take advantage of it at this point? can the president cover his tracks? >> he will try to. i kind of very much agree with the point about specifics. i think mitt romney looked at it in a big way. a
under some of the strongest sanctions today. oil exports have been correct. the iranian economy has been hit hard. it does have an effect on the economy. we must face the truth. sanctions have not stopped iran's nuclear program. according to the international atomic energy agency, during the last year alone, iran has doubled the number of energy uses in its underground nuclear facility. at this late hour, there is only one way to peacefully prevent iran from getting atomic bombs, and that is by placing a clear red line on iran's nuclear weapons program. [applause] red lines do not lead to war. they prevent war. look at nato's charter. it made clear that an attack on one member country would be considered an attack on all. red lines have helped keep the peace in europe for nearly half a century. and help preserve the peace for decades. it is the failure to place red lines that has often invited aggression. if it were drawn in the 1930's, world war ii might have been avoided. the first gulf war might have been avoided. clear, red lines will also work with iran. earlier this year, they thre
congressional district. >> to texas politicians, each touted as the future of their parties, debated the economy, immigration, and other issues at the "texas tribune" festival in austin. julian castro is the mayor of saying antonio and was the keynote speaker at the republican convention. tedthis is one hour. >> i think you know the drill today. i hope you will enjoy as many of those as you can. if you have phones and you're agram,ing to tweet or instr we ask you to turn off your phones. please give our sponsors a hand. [applause] we will visit for about 40 minutes. when we get started, there are phones on either i'll. we ask that of that the microphone at the appropriate -- we ask that you line up at the microphone at the program time than july 31, 2012 began with the announcement that julian caster would be the keynote speaker at the democratic national convention. the footsteps of several. before mayor castro had uttered the words menudo " gulf, speculation began. -- menudo cookoff, speculation began. july 31 was a port from which the future of texas and possibly the nation was visible. mayor
a red flag for the economy. we'll talk more about the transports and what they're telling us at 6:40. we'll also focus on the economy with the man who is charged with officially calling recessions and the end of those recessions. james poterba will be here at 7:30. and our corporate story of the morning, smartphones and mobile devices. apple launches the new iphone 5 in 22 more countries today and this comes after blackberry posted better than expected quarterly results after the bell last night. still, it is an uphill climb for this company. we'll be talking to research in motion ceo. and plus we will welcome today's political news maker, senator rand paul, one of the nation's best known tea party members. and by the way, in case you went to sleep early last night, the official nfl refs were back on the field. get this, they got a standing ovation as they took the field. the ravens beating the browns 23-16. we will have more on the game and on what's happening in sports at 6:20 eastern time. first andrew has the morning's top business headlines. >>> on the global markets agenda, results
system? >> i think that is an important question, especially for our economy. i want to point out one thing. she posed for sequestration and now says it will not happen. can you imagine that kind of leadership? she goes for the fiscal cliff and now she says it will not happen. let's talk about education. this is the problem i see. we have a department of education in washington. they have 3500 employees that make over $100,000 a year. they are dictating to the school district how to do their jobs. i think that is a shame and it is wrong. i am not talking about closing down the department of education. i have never said that and never will. can we reduce the size of that department of education and get that money down to the school district? i believe the best education for children in nevada comes between parents, teachers, and principles. -- principals. those are who should be making the decisions. >> if i could quickly comment. my opponent mentioned my vote on sequestration. just a few questions ago, he said he voted to end medicare by turning it over to private insurance companies
the economy than the republican challenger. that's what we've got. that looks very good for the president. it's not over yet. connell: i doubt that he's up as much as it says in some of those states or that he will win in all of those states. >> i was going to say the numbers are pretty widespread and consistent. anything could happen in the next 40 days, but if i were the romney campaign, i would be very concerned about those numbers in ohio, pennsylvania, florida, michigan. they're very scary numbers for governor romney. connell: thank you senator. i was going to say he may not win ohio by 10 but the trend has been in his favor. thank you senator for joining us. >> thanks for having me. dagen: senator, thank you very much. unrest and protests happening over there, we can take a look at pictures coming out of greece today, more money flooding into our markets right here. joining us now is kevin flanagan chief fixed income strategist at morgan stanley wealth management. kevin of course i'm talking about u.s. treasuries, one of the safest assets you can find around the globe. do you think a ra
economy has not seen disruptions like some years ago. why? 1989, now each year china has many law school students. that is faster than united states, for better or for worse. [laughter] their commercializing the media. none of them existed in 1989 in china. this provided a stabilizing force for a peaceful transition. the party needs to transform itself before it is too late. there is a serious discussion among social groups talking about legitimacy of the chinese communist party. how could it be possible? because his ambition will never stop. that is an important lesson. this is a critical moment china is experiencing at this conjunction of history. so, in a way, to answer your question, the leadership, in many ways they also sense the of the vulnerability. but it is not clear whether they will really transform the party because it is a very complicated process. there are ethnic issues. again, all of these issues will resurge, plus, the economy, slowed down. that as a result of the political problems and a further revealed the fundamental problems in the system, monopoly, corruption, etc
the economy of iran. he said they've not stopped in deterring the nuclear program that that country is pursuing. he spent much of the speech setting the stage, talking about iranian aggression saying this is what we've seen in iran where they've turned on their own people without a nuclear weapon. what can the world expect if iran is able to obtain a nuclear weapon? an interesting note. he said in his remarks the middle east, europe and america would not be safe. >> yes. this presupposes that iran is not a rational actor or is sometimes described as death call. it's not clear. we've gone through this. i don't know if you were in the late 1990s and early 2000s we went through the same rhetoric with north korea. it it was unthinkable. the world would go through no effort and they couldn't trust them with a bomb, south korea could be destroyed although the touch the button. president clinton said north korea will never use that bomb, because if they do, it will be the end of north korea. netanyahu is clear about the repur repercussions would be for iran if it continues to pursue enrich
expressed skepticism about the latest stimulus and its ability to boost the economy. the dow closed down 101 points. >>> good day for shares of research in motion. the blackberry maker said it gained two million subscribers. the investors liked the presentation of the upcoming blackberry 10 operating system. >>> shares of tesla motors nosediving. the electric carmaker slashed its sales target for 2012 and warned it is falling behind of production goals for the model s sedan. it has a follow on stock offering of 4.3 million shares. you can see that stock getting hammered. >>> our top story tonight as widespread protests erupt around the world, the united nations general assembly meeting in new york city in its second day. a hot button issue taking center stage. terrorism and how president obama is handling those threats. earlier he addressed the u.n. about the iranian government pursuit of nuclear arms. take a listen to what the president had to say. >> iranian government continues to prop up a dictator in damascus and support terrorist groups abroad. time and again it failed to take the oppo
of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creators. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those jobs. >> it is fair to say that the president has reduced taxes. he has reduced taxes for small businesses 18 times. he cut taxes for '95 -- for 95% of families out there. the question is do we ask everybody to sacrifice? when you look at the marginal rate in the united states, when ronald reagan took office, the marginal office with 71% to 72%. it is interesting to me that the greatness that people speak of in terms of the united states, when we talk about the 1940's, the 1950's, the 1960's, 1970's, the marginal rate that folks paid was much greater. nobody says we will go back to that. at the same time, during the clinton years, we had marginal rates that were a little bit higher than they are now and we had some of the best economic times that
with government -- >> we had a downturn in the economy. we of hard times, people looking for work and not able to find jobs. >> 65% of federal spending going to individual payments. it may not sound good, but we have created a welfare state. >> to blame it all on president obama is even worse. to declare the president of the united states is manipulating so people will stay and vote democrat? i think that is the most ridiculous thing i have ever heard. if such a cynical view of the presidency and of government. that cannot possibly reflect -- >> your response? >> i think a far better approach than a dependency is removing the barrier the federal government puts in place to small businesses and allowing entrepreneurs and small businesses to drive. >> what barriers? >> i am very happy to discuss the various. >> i wish she would. >> let him finish and make his point, then you can respond. >> what texans are looking for, and what is inherent in the east coast of texas, is that we are not looking for handouts. we're looking for the chance to the entrepreneur is, to work to achieve. think there have
elsewhere. he was not focused enough on the economy. his attention had been on things like a government takeover of health care and apologizing for america abroad." in our fact check that day, we quoted what obama had said in overseas trips, including an assertion that at times the u.s. had acted contrary to its own ideals or had been selective in where it sought to promote democracy. it had sometimes shown an arrogance toward allies. we pointed out that when he made those kinds of statements that suggested the u.s. is not completely above reproach, he usually balance it with praise for things the country had done right. all that -- that is in a long tradition of presidents acknowledging past imperfections. these cannot by any normal dictionaries amount to apologies. either formal or informal. again, last month, when romney accepted his party's nomination, he repeated the assertion that obama had begun his presidency with an apology tour, and obama had confessed the u.s. had "dictated to other nations." that fact check story went into greater detail, pointing out that obama's trips to e
't push the economy but can push foreign affairs. different story from our commander in afghanistan and the guy who runs afghanistan as well despite what the president said about al-qaida, they have bad news. >> al-qaida has come back and a resilient organization. they are not here in large numbers . they don't have to be anymore in large numbers. >> the reason for nato invasion was terrorism . terrorism has not gone away. it has increased. >> steve: that is not helpful for the president and his men. look what he's doing with foreign policy. >> gretchen: yesterday. paul ryan from wisconsin was asked about president obama's foreign policy and this is what he had to say. >> they are sponse was slow and confused and inconsistent and part of a bigger picture of the fact that the obama foreign policy is unraveling before our eyes . >> steve: what is happening right now in the middle east is the ugly fruits of the bum pumforeign policy. 20,000 killed and iran on the brink of having a atom bomb and russia thumb their nose . >> eric: the interview last night with karzai. terrorist attacks h
nation is more than $16 trillion in the red. that is a massive bubble that threatens our entire economy. how do the candidates handle this tomorrow night? let's ask chris stirewalt our fox news digital politics editor and host of power play on foxnews.com live, and stewart varney is the host of varney & company on the fox business network. thank you so much for being here. chris i want to start with you. what can either candidate say to grab, you know, america by the lapel and make them understand what each one of them wants to do to change our financial dire straits? >> it's a heck after lot easier for mitt romney on this one since he is the outsider and hasn't been in office and wasn't part of make thag debt and president obama has over seen in fact the unprecedented increase in size of the federal debt, and as a matter of fact in talking to senior people from romney land that is exactly what mitt romney means to do when he gets on that debate stage in denver, is go off the president not just on what romney says are ineffectual policies like the president's healthcare law and stimulus
us his assessment of the global economy. faber will have a live interview. >>> plus, inside the metropcs deal. was it the right call? and lifelock's first debut. the ceo is all on tap. >> announcer: today, fourth quarter investment strategies. quarter investment strategies. henry mo, not a migraine now. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> all right. welcome back to "squawk on the street." the opening bell is set to ring in a minute's time. big day sha
with former presidential candidate ross perot. he talks about the status of the economy, the deficit and debt, and how it has changed since his campaigns in 1992 and 1996. here's a portion of that interview. >> you established a third party. he ran twice. you established -- what was it? united we stand and then the reform party. do you think there is something wrong with the two-party system that has gotten, as we have seen, more acrimonious? >> it is almost impossible to do it. it would be a healthy thing if you could get it done and make it happen. they know they are going to be butchered from day one for what they have done. >> "usa today's" richard wolfe talks with ross perot. and to confine his article on monday in "usa today." >> my opponent and his running mate are big believers in top down economics. they basically think that if we spend another $5 trillion on tax cuts that favor the very wealthy -- [audience boos] don't boo. vote. vote. vote. >> he has one new idea. he has one thing he did not do in his first four years, which he says he will do in his next four years, which is raise
now. interviews he has given recently. >> i have been in the public eye economy and the need to get those problems straightened out. commanded the public attention issues? to judge that. what i can say is we need to describe what has happened and what is happening and what we need to do to get this under control, and right now, everybody is dancing around it and ducking as opposed to facing it, and if you have got cancer, the first thing you want to do is face it, right? we have got economic cancer at this point. we have got to fix it. >> that was the case in 1992 when you ran your first presidential campaign, and it was still the case when you ran your second in 1996. there was progress after that. a lot of people say that because of the campaigns you ran, we had surpluses and fought our way out of this, and now, it is worse than it was 20 years ago. >> exactly. >> how did we lose our way, compared to the late 1990's, when we fought our way out of this debt, to where we have gone from $4 trillion in debt when you were running to at $16 trillion? >> i am glad you mentioned that numb
and concisely explain how he can fix the economy. >> i expect to be able to describe that in a way people will understand, and if they do, i get elected. >> reporter: his running mate, paul ryan, is already preparing for his own debate a week away. >> i really believe in the policies that we're providing, we're pursuing. and at the end of the day, i'm just going to go in there and be me. >> reporter: and if you can't control what actually happens in the debate, you certainly control what happens afterwards. the spin already in the planning. ryan's going to be with romney in virginia. the president is staying in colorado for a rally there. veronica? >> tracie, we appreciate it. thank you. >>> nato forces in afghanistan say three international service members and their translator were killed in a suicide bombing in the eastern part of the country this morning. this as the war in afghanistan reached a grim milestone sunday with a death of the 2,000th u.s. service member. nbc's chief foreign correspondent richard engel has the details. >> reporter: there has been another insider attack, the s
months. the nasdaq is up nearly 18% for the year now. more signs of weakness in the global economy. new data overnight from china show its factory sector slowed last month, and a report from hsbc says new export orders declined last month with the sharpest rate in 3 1/2 years. soledad, china has fashioned itself into the factory for the world. when china's manufacturing slows, everyone worries. >> all right, christine, thank you for the upset. >>> it's what everybody's talking about this morning, arnold schwarzenegger says that his life were a movie, nobody would believe it. from body builder to movie star to governor of california, his new book is called "total recall." it's out today and it details his entire life, including the now infamous affair with his house keeper that led to the breakup of his marriage with maria shriver. schwarzenegger talked about that affair in an interview with "60 minutes." >> i think it was the stupidest thing i've done in the whole relationship. it was terrible. i inflicted tremendous pain on maria and unbelievable pain on the kids. >> margita thompson w
factor in how this whole economy shapes up. going you there the holidays they will -- okay, do you have a question there? melissa: i did because i don't understand. it is not like they're going to stop delivering mail if they run out of money. they're not just fund out postage. they have a giant debt to the treasury, a huge line of credit. they're defaulting on debt they have now. they continue to get loans. they run out of cash not like they will shut the door on your customers and your customers will have to lay off all their workers, right? >> part of the problem they have to make this $5.5 billion payment for the prefunding of health care. they have got to make another payment here shortly in september for the retirement funds. another $5 billion. they're just not going to make those payments. they will not have enough cash going through the system to make this payment at this time. what they're going to do is they will move things around, close facilities faster than they had allegedly told us they were going to do it. so it disrupts the whole distribution system of the mailing pro
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court, because the economy takes all the oxygen out of the election with a little bit of foreign affairs, the supreme court does not play among undecided voters could but it is a motivator for one space to get out and get to the polls because you want this person to replace justice ginsburg when she retires, for example. and health care is really the only thing that resonates. if there is any possible outcome is that the obama administration has declined to defend the defense of marriage act. and governor romney may well decide that he would defend the constitutionality of that statute could but it does not seem that that kind of social conservative question has a lot of salience in something like a presidential debate. so other than health care, i do not see much happening. >> i think it will not happen. and here's why. no major national political figure has attacked affirmative action publicly since 1996 or before. it isind of remarkable. the republicans who, during the 1990's for a while, we're seeing some sort of political profit attacking affirmative action given the polls don't do
were up 4.6%. and what that really depends on the location location location. it is part of the economy, so housing could be a nice component. once again we're not europe so we're ok here. >> let's talk about what's going on with chrysler. >> sales are up 12 percent, it's amazing what happens when you build some nice looking cars. >> later we will get ford, they're not totally immune but we will see automakers' having issues going into foreign markets. >> is that our strongest manufacturer, cars? >> there's been debate as to whether not apple will be part of this dispute. >> i am more interested in goebbels' tablet that is coming out later this fall. it will be a $99 tablet. they came out with a great tablet. amazon continues to come out with my staff cuts. >> how does google make a profit on a $90 tablet? >> apple will tell them it's all about the maps. mobile devices will make the money. them up there been a lot of problems with apple iphone 5. is this a problem? >> apple has a lot of insidious. enthusiasts. >> we will check back at 9:15 a.m. and check out the winners and losers on wa
debate today. the showdown is going to be here in denver and will focus on the issue of the economy. it has been heavily emphasized during his campaign and that is what we're gonna talk about. they're trying to lower the expectations. there from the camp says that it's not about winning and the other side is saying that they're going to pressure the challenger. >> i think the debate is going to be interesting in their by-to back up their statements. they will be held to account for more than they have been held accountable for as far as the facts and details. >> governor romney is probably the underdog but i believe he's going to be ready. he'll be ready about the issues and that is what this campaign is about. >> fumbles can be costly. and quite a few people have lost elections because of the poor debate. you can sit on art 247 news and weather channel comcast's 193 as well as digital 4.2. >> a quick break is 7:26 a.m. and a live look outside as we check out where the a's are hoping to wrap it all up this afternoon around 1230 or so. they will play the rangers for the last of the s
with a total cost to the economy of $1.70 trillion. it is $250,000 a year in additional tax cuts for those same 120,000 families and anybody making more than $1 million. >> all these promises were made on the idea of hope and change and it sounded pretty good to people. but when the rhetoric went aside and the time to act occurred, the ideas are the old idea that a failed time and again. borrowing and spending and regulating and taxing and printing money, all these things do not lead to prosperity and. all these policies say take power from people, many from families and a successful small businesses and job creators, ascended to washington and then they decide. that does not work. host: that's a taste of the vice-presidential nominees over the weekend. they will go head-to-head on october 11 in their only official the bait. let's stick to your calls. will the vice-presidential candidates impact your vote? in harvey, louisiana, our first caller. caller: good morning. obama and biden are cutting the military and they don't even say much about it on the news. things will be cut, especially in the
of stocks in the firmament. the economy is so darn lousy, we don't have much longer -- at the same time the fed wants interest rates down so the economy can hopefully catch fire. we all know from the boss, bruce springsteen, you can't start a fire without a spark. unfortunately, those low rates mean you can't earn squat on bonds either. like it or not, you need to own stocks that can give you a decent return. the unemployed have a hard time saving, no kidding, the fact is that 90 million american households save with stocks in one form or another. it makes a ton of sense when you think about it. how do we get sustainable higher stock prices? let me give you my eight-point plan. point number one, we have to eliminate the tax on dividends entirely. if they're tax-free, people will buy them. i trust the balance sheets of corporate america far more than i trust the government's balance sheet. this is hardly a reckless position and would encourage companies to reward shareholders by issuing and raising dividends. i would actually raise the tax on capital gains. why? you get gains when you se
you ask people who's better on the economy, that's mitt romney's signature issue. barack obama by 51 to 45%. when you ask who would favor the rich, 8% say president obama. 58% say mitt romney. that's not good for him. when asked does mitt romney or barack obama understand the problems of people like you, by 59% to 38% people say obama understands, romney does not. that explains why the message mitt romney is sending this morning at an earlier event in westerville, ohio, was this one. >> my heart aches for the people i have seen. yesterday i was with a woman who was emotional and she said, look, i have been out of work since may. she was in her 50s. she said, i don't see any prospects. can you help me? i said, i will do my best to help you and millions others like you. 23 million others like her. there are so many hurting right now. >> of course president obama is one of the people responsible for the bad numbers for mitt romney because he's been pushing the message that mitt romney's bane capital experience makes him ill suited to care for regular people. president obama is at bowlin
, obama's had an edge on the economy in a lot of recent polls by a narrow one, two-point margin. not that much difference. interesting nonetheless mitt romney has a little edge there. a nice talking point for this campaign heading into this week, john. >> peter, live in washington. sorry we couldn't be in the same room, just too much raw energy. >> me, too. >> thank you, peter. >>> moving on, the big mystery in tennessee this morning. where you two missing siblings. a 9-year-old and 7-year-old brother. grandparents killed in a house fire last week. it was first believed the children perished it's a well but no sign of their bodies found. on friday a statewide amber alert was issued for them. >>> a taliban taking responsibility for a suicide. three u.s. service members among the three killed. 50 others wounded. the bomber targeted a joint nato-afghan patrol in khost city. this after two americans died including the 2,000th u.s. military member to be killed during the war in afghanistan. >>> a judge expected to rule later today on pennsylvania's controversial voter. >> i d. law. i
leadership skills, in his understanding of the economy, in his understanding of what's missing right now in the economy, what -- you know, the pieces that are missing to get this jump started, so for me i think it would just be the emotional part of it. >> i can make him mad. i'm probably one of the few people who can really make him mad. >> how do you make him mad? >> any number of ways. >> okay. so interesting. are these wives helping or, you know, hurting their husbands in this buildup to the election? >> well, they're definitely helping with their public image because they're the most likable parts of each ticket really, but i feel as though they could be helping a lot more because that ann romney clip continued to her saying that the only thing she's concerned about is if romney wins, she's concerned about his mental well-being. so you might not want to question the mental health of your husband who you're asking everybody to elect as leader of the free world, and michelle obama i feel like she can probably privately -- i think the biggest thing they can do to help their husbands is
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